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Agree with your last post as I have been saying the same. I think it will be 50p pro-rata, but needs confirming. Poetical, The 600 Labs is quoted in the document and all I did was to take the two quotes I put in my post (600 labs, 3.5 Mill tests done in Europe, we are offering initial test to 20% at high risk) That comes to 700,000, but clearly does have a couple of assumptions based in it. Perhaps there is a discount to their numbers as I would not expect all 600 (100%) Labs to be factored in to take up the service. As I mention, it is only a ball-park roll out target figure and just a working hypothesis (no more). It may be better to move on rather than get caught up in hypotheticals as detail without fact is just a guess ;-)
As TBK suggests, it may have been an oversight that the target price was not adjust by the consolidation factor of 100. The 9% discount is my figure worked from an option price of 10p for shares pari passu with OO shares bought at 11p. I have no complaint with that though. Whether the lapse clause applies to messrs Dean and Gulati is an interesting one though. I am one who believes that they have had enough out of the investors in the past and so do not deserve any easy money on the back of the efforts of AR and his team, especially as (it appears) they did not put much (If any) of their own money into VIY.
Hello again. For me, it has been crap since 2010. I said then that I felt that the Market had significantly changed, and it sure has continued to do so. People like Max Keiser (and oh so many of his guests) reckon that it is the abuse of high-speed trading coupled with high-speed insider information - - all fueled by the easy money from QE that has done it. Recently though I have had some successes; one of which was going into BWP (an American pipeline company). I fancied getting into a pipeline company for the steady revenue that they make, and which they were about to make from fracced oil and gas. Their 'distribution' (dividend) was 8% ! but writers on Seeking Alpha were suggesting that such was unsustainable, and indeed it was. Then one day BWP announced a distribution cut down to 2% and the shares halved from $26 to $13. I got in for the recovery and I am sitting on a gain of 27%. My first gain in years, AND a dividend to come every 3 months also. As for investing in a 'good story' I don't do that anymore. It does not work. But follow the talent ? (if you can find it) that is worth trying if you can find it. NIPT (as it will be) appears to have have more than its fair share of talent so I am going along for the ride.
Quick question, excuse my ignorance everyone, who approached who for the RTO? or was the deal brokered?
How's it going. On the exercise price I think that's just an error, the exercise price will be 50p pro rata to the consolidation. This effectively means to trigger the options our new team are going to have to get the price from 11p to 50p and keep it there for a minimum of 30 days! I think it may just happen! Then again if the first contract is announced and the name of the customer is kept a secret.......... I'M F**KING OFFSKI!
2) Mark from VIY has previously confirmed to me that the options WILL increase in line with any consolidation - and I have this in black and white. All your points need clarification though - e.g. Their target price rising in line with consolidation, The 9% discount and lapse etc.....please can you contact Mark (email at bottom of RNSs) for clarification???
good spot on the exercise price and one that needs raising for clarification - preferably in writing for the record. I will do this at my first opportunity on Friday is no-one else has by then.
1/ kmh - - I'm one of those 'old holders' that you are maligning, and I know plenty of the others. I am sure that most of us 'old holders' want this to succeed so that we can retrieve some of our money. I have not been watching the selling but I gather (from some of the posts on this BB) that there have been some big sells going on. Past directors maybe, for they hold the sort of volume of shares from which to sell large amounts. 2/ Now, from this document ( http://www.rns-pdf.londonstockexchange.com/rns/5359J_-2014-6-12.pdf ) I see that page shows details of the Options details:- On page 132, item 10.1 the options (post consolidation) are listed, and the options of the latest batch of VIY directors are shown as one hundredth of the number of shares that they are now. The exercise price is 10 pence which is 100 times the exercise price it is at now, and that 10p price is at a discount (of about 9%) to the Placing & OO price. I note that the target price of 0.5p has been carried through and not altered to 50p, so it would seem that there is no longer the level of incentive that currently exists. The consolidation will have achieved an sp far beyond the 0.5p target. I further note item 10.2.8 "Lapse" - - which states that if the "grantee ceases to be employee director of the Company at any time the Unapproved Scheme award will lapse immediately" unless the ceasing of employment is due to any one of various reasons (such as death). The various reasons listed do not include resignation; and since mssrs Dean & Gulati have both resigned from the BoD of VIY, I am wondering why their Options under the scheme remain listed. The old scheme perhaps did not have such a 'lapse' clause. So, the question remains - - Why has the target price for the exercise of these options not been raised to 50p??? 3/ As for the current fall in the sp, I see it as nothing more than that old tendency of the sp tending to match the price at which the latest Placing has been set, i.e. 11p/100 = 0.11p. For this reason I reckon the sp will have a Mid Price of 0.11p by the time the General Meeting takes place.
Maybe some hope here to the oldies- at least the board have put their hands in their pockets this time round. Ps anyone can have my shares for the price of 8p each -what I paid for them way back when they were spinning of the link with the big oil major-- secrecy clauses and all - so take heed of Bakky's gentle warning. we all want this to fly but we have continually been sold a dummy in the past.. I think again this will take time to pan out one way or t' other. GLA.
you avin a laugh? I've only posted a couple of times in a year FFS!
Indeed, still at a 25% premium now though and value will get built back in after the momentary drop we often see now in AIM around placings.
Hi Twix, I'm afraid I can't be certain of those numbers. The 600 labs was given to me as part of my Inside information prior to coming in, but I can't find any reference to 700,000 tests per year. This would equate to around £70M net profit and early projections weren't that high! I will do some digging. I would imagine the Downs Syndrome screening would relate to standard hormone screening, no the amniocentesis screening which we would be directly replacing and which wouldn't be done by the external labs as I understand. My hope for this would be to actually replace the standard basic screening with a complete genetic screen from an in-vitrio blood test - or in the more near term a lower cost to the test which would allow routine blood screening fro downs rather than the in-accurate hormone screening. If we could do a genetic screen for all markers tested by the amniocentesis and create a one-stop routine in-vitrio genetic screen we'd be invested in a multi-billion £ business. That's the future I hope, and in the meantime more specific marker tests for chromosomal disorders. I'm getting somewhat out of my depth in this bit, but the potential for this technology is blindingly obvious.
just beware if they hide behind confidentiality clauses in their agreements! lol
hope it doesnt drop much more or the offer wont be looking quite so attractive
Think your right, think I will swerve this BB till the end of the month.
"Around 50-60 per cent. of the price of tests from other service providers to allow laboratory customers to achieve typical profit margins"
I'm fine, still not making any money, there's a shock eh! Still researching this as it's new to me and everyone else I guess. That said on the face of it, it does look promising, sufficiently so for me to take the share offer up and apply for a small amount of additional shares, not heaps but enough to make it interesting should this new venture turnout good for us. All these years and now we are off in a new direction! I guess it could be worse we could have simply folded!
where are ya fella with your input?
yes mate...how u doin? what do you reckon to the new venture?
You still in here mate?
Yes, I'm sure that exactly what Reynolds had in mind.. For it to go down, silly me.
VIALOGY...This is what VIY does... down down and further down!!
The OO is an incentivised exercise to raise money - in this case at a discount of 11p from the SP at the time. However, if it's walked down to 11p anyway - where is the incentive? If buys came in this would rocket, as it's ticked down on not a vast range of sells.
Big £8246 sell .